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Get filing alertsOndas reports record Q2 revenue of $83.8M, raises 2026 guidance to $525M–$550M
Filed August 13, 2026 · Period ending August 13, 2026 · ~1 min read
Key Changes
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Q2 2026 revenue reached $83.8M, up 67% sequentially and more than 13-fold year-over-year from $6.3M in Q2 2025, driven by acquisitions and organic growth across the autonomous defense platform.
Item 2.02 — Results of Operations and Financial Condition verify on EDGAR → -
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Backlog grew to $613M as of June 30, 2026 (from $68M at year-end 2025) on $175M in Q2 new orders; pro forma backlog including DZYNE and Cyberhawk acquisitions reached $757M.
Item 2.02 — Results of Operations and Financial Condition verify on EDGAR → -
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Full-year 2026 revenue guidance raised to $525M–$550M (more than 10-fold increase from 2025); company captured over $105M in new orders in Q3-to-date.
Item 2.02 — Results of Operations and Financial Condition verify on EDGAR → -
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Item 2.02 — Results of Operations and Financial Condition verify on EDGAR →
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Completed five acquisitions since March 31, 2026: World View (stratospheric ISR), Mistral (prime contractor), Omnisys (AI battlefield management), DZYNE (long-range ISR and counter-UAS), and Cyberhawk (industrial inspection).
Item 2.02 — Results of Operations and Financial Condition verify on EDGAR →
Summary
Ondas disclosed record second-quarter 2026 results, with revenue of $83.8 million representing more than 13-fold year-over-year growth and 67% sequential growth. The company raised its full-year 2026 revenue guidance to $525 million to $550 million, reflecting strong order momentum and the contribution of recent acquisitions.
Backlog reached $613 million as of June 30, 2026, up from $68 million at year-end 2025, driven by $175 million in new orders during the quarter. Including the DZYNE and Cyberhawk acquisitions that closed in July and August 2026, pro forma backlog stood at $757 million.
The company completed five strategic acquisitions since March 31, 2026, expanding its autonomous defense and security technology platform across ISR, counter-UAS, precision strike, battlefield management software, and industrial inspection. Management pulled forward its profitability timeline, now expecting the operating platform (OAS and Ondas Sentinel) to reach Adjusted EBITDA-positive by Q4 2026 and consolidated profitability by Q4 2027. The Q2 2026 Adjusted EBITDA loss of $50.6 million, wider than the prior-year quarter's $5.8 million loss, reflects front-loaded investments in corporate infrastructure to support the accelerated growth trajectory. Cash and short-term investments totaled approximately $1.4 billion as of June 30, 2026.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Ondas Inc. announced Q2 2026 financial results via press release and investor presentation.
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On August 13, 2026, Ondas Inc. (the “Company”), issued a press release announcing its financial and operating results for the second quarter ended June 30, 2026.
The company disclosed its second quarter 2026 financial and operating results through a press release. The 8-K itself does not contain specific financial metrics; those details are in the attached exhibits (press release and investor presentation).
Event · Exhibit 99.1
Ondas reports record Q2 2026 revenue of $83.8M (13x YoY), raises full-year guidance to $525–550M, and discloses multiple acquisitions.
Added in current filing · view on EDGAR →
Ondas generated revenue of $83.8 million in the second quarter of 2026, compared with $50.1 million in the first quarter of 2026 and $6.3 million in the second quarter of 2025. The results represent approximately 67% sequential revenue growth and more than a thirteen-fold year-over-year increase.
Ondas delivered record Q2 2026 revenue of $83.8 million, up 67% sequentially from Q1 2026 and more than 13-fold from Q2 2025. On a pro forma basis assuming the current portfolio was owned in both periods, Q2 2026 revenue increased 85% year-over-year, reflecting strong organic execution and the benefits of platform scale.
Added in current filing · view on EDGAR →
The Company expects continued strong momentum in 2026 and is raising its revenue target for the full year to $525 – $550 million, which represents a greater than 10-fold increase from 2025 results.
Ondas raised its full-year 2026 revenue guidance to $525–550 million, representing more than a 10-fold increase from 2025 results. The updated target includes expected revenue from Cyberhawk in the second half of 2026 and reflects strong pipeline and backlog momentum across the product portfolio.
Event · Exhibit 99.2
Ondas disclosed Q2 2026 results: revenue $83.8M, backlog $757M, raised 2026 revenue target to $525M-$550M, and announced $105M+ new orders in Q3-to-date.
Added in current filing · view on EDGAR →
$525M - $550M Raise 2026 Revenue Target
The company raised its full-year 2026 revenue target to $525 million to $550 million. Management also updated Q3 2026 revenue guidance to $140 million to $155 million and disclosed that it has captured over $105 million in new orders in Q3-to-date, representing more than 11-fold growth from Q4 2025.
Added in current filing · view on EDGAR →
Net income (loss) $ (89,696) $ (10,751)
Ondas reported a Q2 2026 net loss of $89.7 million, compared to a $10.8 million loss in Q2 2025. The company disclosed Adjusted EBITDA loss of $50.6 million for Q2 2026 versus $5.8 million in the prior-year quarter. Management attributed the wider loss to investments in growth operating expenses, including approximately $29 million in corporate infrastructure to support accelerated growth.
Added in current filing · view on EDGAR →
Cash, cash equivalents, restricted cash, and short-term investments $ 1,392,965 $ 616,109
The company reported cash, cash equivalents, restricted cash, and short-term investments of approximately $1.4 billion as of June 30, 2026, up from $616.1 million at December 31, 2025. Total liabilities include $1.0 billion for a warrant liability related to October 2025 and January 2026 equity financings.
Added in current filing · view on EDGAR →
Adjusted EBITDA + Timeline: Q1 2027 Q4 2026 Operating Platform Q1 2028 Q4 2027 Ondas Inc.
Management disclosed it is pulling forward its Adjusted EBITDA-positive timeline targets. The company now expects the operating platform to reach Adjusted EBITDA-positive by Q4 2026 (previously Q1 2027) and Ondas Inc. consolidated to reach Adjusted EBITDA-positive by Q4 2027 (previously Q1 2028). Management expects to narrow losses in the second half of 2026 on an EBITDA basis while continuing to invest in the growth platform.
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